Trinidad and Tobago: Taxes on international trade

The latest value from 2019 is 5.98 percent, an increase from 5.72 percent in 2018. In comparison, the world average is 7.43 percent, based on data from 111 countries. Historically, the average for Trinidad and Tobago from 2001 to 2019 is 5.04 percent. The minimum value, 3.72 percent, was reached in 2008 while the maximum of 6.47 percent was recorded in 2017. See the global rankings or world map for that indicator or use the country comparator to compare trends over time.

Definition: Taxes on international trade are taxes that become payable when goods cross the national or customs frontiers of the economic territory or when transactions in services exchange between residents and non-residents. This indicator is expressed as a percentage of revenue which includes all transactions that add to the amount of economic value of a unit or sector.